BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT
JAPAN:
-Nov core machinery orders up 3.8 pct from Oct; beats forecast
-Economy minister urges central bank to refrain from rate hike
-Honda Motor to spend 150-200 mln usd on building second plant in India
-Aeon Credit to raise funds in Malaysia using Islamic financing
-Sanyo Electric, China's Haier sign refrigerator business partnership
-IHI penalized over anti-monopoly law violation
SOUTH KOREA:
-Govt will promote overseas investment to curb won rise
-Hyundai Motor workers strike over disputed bonus
-Hyundai Engineering wins 98.81 mln usd order from Singapore
HONG KONG:
-Hong Kong, China stock markets integration proposed by HK advisory group
-Hong Kong Exchange Fund end-Dec foreign assets 985 bln hkd, up 3.5 bln from Nov
-Hong Kong airport 2006 passenger traffic up 9.1 pct yr-on-yr; cargo up 5.2 pct
-MTR Corp Dec passengers 77.85 mln vs 73.74 mln in Nov
-CLP Holdings 2006 electricity sales up 0.6 pct
-Mainland Headwear Hldgs shareholder places 26 mln co shares
-China Energy to buy Bright Horizon Worldwide for 280 mln hkd
-Venture Intl in talks to acquire agricultural management ops
-Link REIT appoints Chew Fook Aun as chief financial officer
CHINA:
-China GDP growth expected to moderate to 9.6 pct in 2007 - Lehman Brothers
-2006 actual FDI up 5 pct at 63 bln usd - Xinhua
-2006 actual FDI down 4.06 pct at 69.47 bln usd - Commerce Ministry
-China commerce minister says cutting trade surplus is priority task this year
-Yuan at end 2007 seen up 9-10 pct over pre-revaluation level - commerce ministry
-China should impose more reserve, interest rate hikes - central bank researcher
-Central bank to sell up to 210 bln yuan worth of one-year paper Tuesday
-China banks seen as top beneficiaries of potential tax unification - JP Morgan
-State-owned carriers no knowledge of reports of govt fund injections
-China top 100 IT companies 11 mths core revenue 940.8 bln yuan, up 16 pct
-Industrial Bank sets retail subscription for Shanghai IPO on Jan 23
-Petrochina 2006 oil and gas output up 5.2 pct
-Geely Auto 2006 car exports 15,000 units
-State Grid 2006 sales up 19.67 pct at 852.9 bln yuan - state media
-Shougang Group profit 1.65 bln yuan for 2006 - state media
-S&P highlights 5 mainland China firms set to outperform global peers this year
-Beijing commercial property market may be in oversupply after Olympics-JP Morgan
-HK's Buongiorno acquires 80 pct of China's eDongAsia for 2.7 mln usd
-CNPC to invest 3.6 bln usd in development of Iran's South Pars gas block
-AsiaInfo, China Unicom sign mobile push mail contract
TAIWAN:
-Taiwan bourse aims to have over 10 ETFs by yr-end; 2 new indices launched today
-Taiwan issues arrest warrants for Rebar head/founder, wife
-High Tech Computer buys back 1.05 mln shares at avg 549.67 twd each
-Pou Chen loses 4.89 mln twd from sale of 7.48 mln AU Optronics shares
SINGAPORE:
-Nov retail sales up 7.9 pct yr-on-yr; up 0.4 pct vs Oct
-Qian Hu FY net profit 2.62 mln sgd vs 2.03 mln
-Nam Lee wins 2 building works contracts worth 23.2 mln sgd
-PDC Corp to invest 50 mln usd to develop R&D center for hybrid corn
-Singapore CapitaLand unit buys stakes in 6 China malls; signs MoUs to buy more
-Banyan Tree unit signs MOU on 200 mln usd project in Vietnam
MALAYSIA:
-Nov natural rubber output down 4.9 pct vs Oct, up 38.1 pct on yr
-Government expects good year ahead for the economy - minister
-Malaysia on track to becoming premier global Islamic financial centre - minister
-Malaysia will consider GM's proposal for stake in Proton - Minister
-Allianz unit expects to be a 'strong number two' in the Malaysian market
-EPF raises stake in Kuala Lumpur Kepong to 8.43 pct
-US Capital Group raises stake in Malaysia's SP Setia
-Boustead group launches prospectus for Islamic REIT
-My E.G. to be listed on Mesdaq board tomorrow
INDONESIA:
-2006 motorcycle sales 4.43 mln; down 13 pct
-2006 domestic car sales 318,883 vehicles; down 40 pct
-Indonesia plans to offer 30 new oil exploration blocks this year
-PGN cuts 2007 gas sales volume forecast due to pipeline delay
-PGN plans gas price hike to industries of maximum 10 pct this year
-Govt asks capital markets regulator Bapepam to investigate PGN
PHILIPPINES:
-Central bank sees 2006 dollar remittances above 12.3 bln usd target
-Japan pledges 2 bln usd to help Asia develop energy saving technology
-Asian Development Bank urges full free-trade zone in East Asia
-Australia-China free trade pact needs 'hard work' - Howard
-China confirms Wen to visit Japan
-SKorea's Samsung Elec signs mobile WiMAX export deal with Saudi Bayanat Al-Oula
-TransCo awards 424.4 mln-peso contract to China's Xian Electric
AUSTRALIA & NEW ZEALAND:
-Australia Nov housing finance by volume falls 0.6 pct vs Oct
-Macquarie Airports may sell stake in UK's Brimingham Airport
-Harvey Norman six months to Dec sales up 16.7 pct yr-on-yr
-HK-listed CITIC Pacific eyes Australia's Cape Lambert iron ore project
-Telstra seeks 600 mln aud in govt funding to expand broadband
-Babcock & Brown Wind Partners acquires German wind farm
-Australian Wealth Management to buy pension funds from Zurich Financial
-Petsec to launch onshore gas project in Louisiana
-Germany's Bosch extends offer for Australia's Pacifica to Feb 25
xiaojing.jiang@xinhuafinance.com